Detroit homeowners gained another $700M in 2023, bringing total home wealth growth to $4.6 BILLION over the last decade! 📈🏡
🔹 Black Detroiters have seen $3.2B in added wealth since 2014, with home values nearly doubling (+94%)
🔹 Home values in some of the city’s lowest-valued neighborhoods skyrocketed by 276% 📊
🔹 Neighborhoods with the highest poverty rates in 2014 saw median home values increase by 264%
🔹 Southwest Detroit and the Condon neighborhood saw some of the biggest gains—Condon home prices jumped 862% from $7,500 in 2014 to $80,000 in 2023!
Detroit’s home value growth shows no signs of slowing—and homeowners are reaping the benefits! 🔥🏡
📍 Read the full report at UM Poverty Solutions.
#Detroit #HomeWealth #BuiltInDetroit
The study finds home value for Black residents increased 80% between 2014 and 2022. Black homeowners represented 82% of all housing wealth generated in 2014 and 77% in 2022. Read more from the report: https://t.co/UAiqJfKvdD
Home values in Detroit have increased by billions of dollars in the years following the city’s exit from the largest municipal bankruptcy in U.S. history, according to a Poverty Solutions study released on Tuesday: https://t.co/Nw9w2vGCbF #HomeValue#Detroit
Detroit's Black homeowners have amassed nearly $3 billion in new wealth!
The news comes from a study by the University of Michigan Poverty Solutions that analyzes changes in Detroit's housing values.
Detroit's Black homeowners have amassed nearly $3 billion in new wealth!
The news comes from a study by the University of Michigan Poverty Solutions that analyzes changes in Detroit's housing values.
You read the study here: https://t.co/EyoDHXgUNs
Never been prouder to be a @FordSchool alumnus. Professor Morenoff and a group of MPP students presented their policy briefing on second look legislation (HB 4556-4560) to the House Criminal Justice Cmte this morning.
Read the full briefing here: https://t.co/FCaa6cO73e #MILeg
Fordies are sharing their experiences at the #UWvsMICH National Championship game. Share your photo and tag us if you wish to add your photo to our album. #GoBlue https://t.co/BtoGqMq7om
It's not too late!
Join #ScienceWebinars on Dec 4 at 12p for the next in our Science and Life series of Webinars:
The science of incarceration: A realistic look at the cost of imprisonment
Register today: https://t.co/QULF7n1Ky8
#ScienceForAll#webinar
It's not too late!
Join #ScienceWebinars on Dec 4 at 12p for the next in our Science and Life series of Webinars:
The science of incarceration: A realistic look at the cost of imprisonment
Register today: https://t.co/QULF7n1Ky8
#ScienceForAll#webinar
Dr. Jeff Morenoff, @umisr chats with Mike Waring, UM federal affairs in DC, prior to the PAA/APPAM joint briefing on the cost and effect of incarceration on taxpayers and society. #Incarcerationimpacts. @jmorenoff, @NLVigne, @sambnorris, @PopAssocAmerica
LIVE on #Periscope: Cost and Effect: Measuring the Impact of Incarceration on Individuals, Neighborhoods, and Society, which will take place
https://t.co/ImcQtiojEA